8F Consent 2011 0502 - Laserfiche WebLink

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year in excess of fifteen percent (15 %) of the budgeted gross expenses of the Association (including budgeted capital expenses) for that fiscal year. (ii) Sell during any fiscal year property of the Association having an aggregate fair market value greater than five percent (5 %) of the budgeted gross expenses of the Association for that fiscal year. (iii) Pay compensation to members of the Board of Directors or to officers of the Association for services performed in the conduct of the Association's business, provided that the Board may reimburse expenses incurred in carrying on the business of the Association. (iv) Enter into a contract with a third person to furnish goods•or services for the Common Areas or the Association for a term longer than one (1) year, 7.17 Limitation on Liability of Directors and Officers. No director, officer, committee member. employee. or other agent.of fie Associatiba, including Declarant or any agent of Declarant when acting in such /Capacity, shall be liable to any Owner or any other party, including the Association, forrany;damage, Toss. or prejudice suffered or claimed on account of any act, omission, error r neglig5nce of any suc \person if such person is found. pursuant to the procedures set forth, r,the Bylaws, to haveomplied with the standards of care as set forth in the Bylaws or in the relevant provisions of the California Corporations Code if moi=estnngent than those set forth in the Bylaws. or to otherwise be entitled to be indemnified pursuant to the Bylaws. 7.18 Inspections ofBooks and Re ords. /----\\ \\ /,..„..„ (a) Any Owner, or that Owners duly appomted shall have access to the Association's membership register. books ofiaccount, and minutes from any meeting of the Owners, the Board; or.any /committee of the in order to inspect and copy such records'fo�purpose rea onably re a d,`o his or her interest as an Owner. Any Owner may. at his or her•own expense cause a n audit -or inspection to b e m ade of the b • na records of the Association. Access shall be at any reasonable time at the office of the..A'ssociation or such other place within the area of the County o(iameda as theBoard presc bes. The Board shall establish rules regarding the notice the Owner must give`tolthe custodian of the records or the Board to obtain access, the hours and days of the week)when the records may be inspected and copied. and the charges to be imposed by the Association for copying records requested by the Owner. (b) Any member ofthe Board may at any reasonable time inspect. copy. or make extracts of any books, records, r douments of the Association and inspect for physical properties owned or controlled by the Association. (c) The provisions of this Section 7.18 shall be further governed by sections 8330, 8333, and 8334 of the California Corporations Code. as now in effect or as hereinafter amended or replaced. ARTICLE 8 ASSOCIATION MEMBERSHIP AND VOTING 8.1 Membership Appurtenant to Ownership.